Monaco is an integral part of the EU customs territory and VAT area, and therefore applies most measures on excise duties and VAT. Monaco borders one EU member state: France.
Quick overview
| Standard Rate | Reduced Rate | Other Rates |
| 20% | 10% | 5.5%, 2.1% |
The local name for VAT in Monaco is “Taxe sur la valeur ajoutée” (TVA).
There are basically 4 VAT rates in Monaco:
- Standard VAT rate is 20%
- Reduced VAT rate is 10%
- Other VAT rates are 5.5% and 2.1%
Standard rate: 20%
This rate applies for all transactions that take place in Monaco, unless an exception applies (such as a reduced rate, the zero rate or an exemption, or a reason to treat the transaction as outside scope of VAT).
Zero rate (0%)
Monaco applies various exemptions with a refund of tax paid at preceding stages (zero rates), such as Exports and related services.
Reduced rate: 10%
- Certain pharmaceutical products
- Water
- Restaurants
- Take-away food
- Hotels
- Transportation of passengers
- Some types of real estate renovations
Reduced rate: 5.5%
- Products and services for the disabled
- Books (including e-books)
- Most food and drink products
- Energy
Reduced rate: 2.1%
- Certain medicines
- Newspapers
A global VAT/GST rate overview can be found here (note this is a work in progress).
This post was last updated on May 16, 2021.
